Newly formed S&J Iron Corporation has 51,000 shares of $4 par common stock authorized. On March 1, 2016, S&J Iron issued 10,000 shares of the stock for $9 per share. On May 2 the company issued an additional 23,000 shares for $21 per share. S&J Iron was not affected by other events during 2016. Required a. Record the transactions in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Use NA to indicate that an element was not affected by the event Balance Sheet Income Statement Assets a Stockholders' Equity Liabilities Common Revenue Expense Net Income PIC in Event Cash Stock Excess March 1 May 2 Cash Flow